【See Decline】
ALGO is currently quoted at 0.0863. In the past 24 hours, it is down 9.73%. Over the last 7 days, it is still down 13.18%. The intraday range is 0.0856–0.0983, with a swing of 14.8%.
【Market Overview】
Within the day, ALGO moved from 0.0856–0.0983 and continued to trend lower. The rebound was evident but lacked volume.
The rebound saw shrinking volume, while the decline saw expanding volume—overall the volume-price structure is bearish.
During the same period, the broader market was down 1.43%, but ALGO fell 9.73%, underperforming the market average.
In the short term, the bias is bearish.
【Reasons for Bearish View】
The selling pressure near 0.0983 has not been fully digested yet; each rebound attempt has had less strength than the previous one.
A 9.73% drop over 24 hours suggests that active sell orders have not yet run out.
If there is suddenly a big surge in volume near 0.0856, it would indicate that funds are starting to bottom-fish—then don’t get stuck fighting.
For the short term, first watch whether 0.0856 can hold; if it breaks, don’t rush to catch the falling “knife.”
$ALGO #ALGO
ALGO is currently quoted at 0.0863. In the past 24 hours, it is down 9.73%. Over the last 7 days, it is still down 13.18%. The intraday range is 0.0856–0.0983, with a swing of 14.8%.
【Market Overview】
Within the day, ALGO moved from 0.0856–0.0983 and continued to trend lower. The rebound was evident but lacked volume.
The rebound saw shrinking volume, while the decline saw expanding volume—overall the volume-price structure is bearish.
During the same period, the broader market was down 1.43%, but ALGO fell 9.73%, underperforming the market average.
In the short term, the bias is bearish.
【Reasons for Bearish View】
The selling pressure near 0.0983 has not been fully digested yet; each rebound attempt has had less strength than the previous one.
A 9.73% drop over 24 hours suggests that active sell orders have not yet run out.
If there is suddenly a big surge in volume near 0.0856, it would indicate that funds are starting to bottom-fish—then don’t get stuck fighting.
For the short term, first watch whether 0.0856 can hold; if it breaks, don’t rush to catch the falling “knife.”
$ALGO #ALGO
